The PMT function in Excel is a financial function used to calculates the payment of a loan based on ... (rate,nper,pv,[fv], [type]). Syntax of the PMT Function. Rate: The interest rate for ...

The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]). The NPV function returns the ...

The PMT function is designed to calculate the periodic payment for a loan (assuming constant payments and interest rates). It's a fundamental tool for financial calculations in Excel.